## ## ## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|lo|5| |Report ofthe Independent
Auditors|6tog||| |Statement ofFinancial Activities||10|| |Balance Sheet|||| |Cash Flow Statement||12|| |Notes to the Cash Flow Statement||13|| |Notes to the Financial Statements|14|to|21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2020|2019| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Total| |INCOME AND|||Notes|fund|fund
f|fund
f|funds
f|funds| |ENDOWMENTS|FROM|||||||| |Donations
and legacies|||2|475,511|||475,511|49,555| |Investment
income|||3|200768|||200768|263,241| |Total||||680,279|||680,279|312,796| |EXPENDITURE|ON|||||||| |Raising funds||||1,977||1,102|3,079|2,512| |Charitable
activities||||||||| |Maintenance
of Beverley||||||||| |Minster||||900,896||2,149|903,045|316,536| |Total||||902,873||3,251|906,124|319,046| |Net gains/(losses)||on||||||| |investments||||144,714||~400 300)|~343113|80 138| |NET||||||||| |INCOME/(EXPENDITURE)||||(367,308)||(103,650)|(470,958)|673,666| |RECONCILIATION||OF||||||| |FUNDS||||||||| |Total funds brought||||||||| |forward||||3,441,393||2,649,009|6,090,402|5,416,516| |TOTAL FUNDS CARRIED||||||||| |FORWARD||||3,074,085|-|2,545359|~5619,444|6,090,402| ## ## |Beverley Minster
Old Fu
Balance Sheet
31stDecember 2020|nd||| |---|---|---|---| |||2020|2019| ||Notes|6|| |FIXEDASSETS|||| |Tangible assets
Investments|10
11|94,285
, 89 32D|96,434
5,838,276| |||5,483,605|5,934,710| |CURRENT ASSETS
Debtors|12|147,715|30,994| |Investments
Cash at bank|'l3|40,000
221.372|40,000
113,601| |||409,087|184,595| |CREDITORS|||| |Amounts
falling due within one year|14|(273,248)|(28,903)| |NET CURRENT ASSETS||66989|155,682| |TOTAL ASSETSLESS CURRENT|||| |LIABILITIES||5,619,444|6,090,402| |NET ASSETS||6619433|90904D2| |FUNDS|||| |Unrestricted
funds||3,074,085|3,441,393| |Endowment
funds||2 45.359|2,849,009| |TOTAL FUNDS||5519484|6090402| ## ## ## ## ## |RECONCILIATION
OF NET (EXPENDITURE)
ACTIVITIES|/INCOME
TO NET CAS|H FLOW FROM|OPERATING| |---|---|---|---| |||2020
6|2019
f| |Net (expenditure)/income
for the reporting
Statement ofFinancial Activities)|period (as per the|(470,958)|673,886| |Adjustments
for:
Depreciation
charges
Losses/(gain)
on investments
Dividends
received||2,149
245,113
(204,768)|2,149
(680,138)
(263,241)| |Investment
fees paid through
portfolio
(Increase)/decresse
in debtors
Increase/(decrease)
in creditors||3,844
(116,721)
244,344|3,948
1,933
~2,196| |Netcashusedin operations||~296,997|~263.659| ## |ANALYSIS OF C|HANGES
IN NET FUNDS|||| |---|---|---|---|---| |||At 1.1.20
f|Cash flow
f|At 31.12.20
f| |Net cash||||| |Cash at bank||~tt3 601|107,771|~221 372| |||~113601|107,771|~221 372| |Liquid resources||||| |Deposits included
in cash
Current asset investments||40,000||~40 000| |||40,000||40,000| |Total||~153 601|107,771|~261 372| ## ## ## ## ## ## ## ## ## ## ## ## |for I|he year ended 31stDece|he year ended 31stDece|
mber 2020|||| |---|---|---|---|---|---|---| |3.|INVESTMENT INCOME|||||| ||||||2020
f|2019
f| ||Listed investments||||~204768|~263241| |4.|CHARITABLE ACTIVITIES COSTS|||||| |||||Direct|Support|| |||||Costs (see|costs (see|| |||||note 5)
f|note 6)
f|Totals
f| ||Maintenance|of Beverley Minster||858,639|~44 406|903,045| ||DIRECT COSTS OF CHARITABLE ACTIVITIES|||||| ||||||2020f|2019
F| ||Staff costs
Administrative
expenses
Property
repairs and maintenance
Professional fees||||69,620
3,464
748,419
37,136|55,045
5,170
157,909
56,263| ||||||~858 639|274,387| |6.|SUPPORT COSTS|||||| ||||||Governance|| |||||Administration
f|costs
f|Totals
f| ||Maintenance|of Beverley Minster||30,537|~13S69|44,406| ||Support costs, included||in the above, are as follows.|||| ||Administration|||||| ||||||2020|2019| ||||||Maintenance|| ||||||of|| ||||||Beverley|Total| ||||||Minster
f|activities
F| ||Rates and water||||297|63| ||Insurance
Light and heat
Telephone
Postage and stationery||||19,896
5,960
1,250
134|17,041
7,923
1,056
98| ||Sundries||||851|137| ||Depreciation|oftangible|and heritage|||| ||assets||||~2149|~2149| ||||||~30 537|28,467| ## ## |||2020|2019| |---|---|---|---| |||Maintenance|| |||of|| |||Beverley|Total| |||Minster|activities| |||6|| |Auditors'|remuneration|3,641|3,300| |Trustee|liability insurance|628|656| |Bookkeeping costs||~9600|~9726| |||~13 869|13,682| ## ## ## |STAFF COS|TS||||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||6|f| |Wages and salaries||||||64,253|51,148| |Social security costs||||||1,926|1,415| |Other pension|costs|||||~3441|2,481| |||||||69,620|55,045| |The average|monthly|number|ofemployees||during the year was as follows:||| |||||||2020|2019| |Maintenance|of Beverley Minster|||||2|2| |No employees|received emoluments|||in excess ofE50,000.|||| ## ## |for|
the year ended 31stDeoernber 2020|
the year ended 31stDeoernber 2020|connue|||| |---|---|---|---|---|---|---| |9.|COMPARATIVES FORTHE STATEMENT||OF FINANCIAL|ACTIVITIES||| ||||Unrestricted|Restricted|Endowment|Total| ||INCOME AND ENDOWMENTS|FROM|fund
f|fund
f|fund
f|fundsf| ||Donations
and legacies||49,555|||49,555| ||Investment
income||263,241|||263,241| ||Total||312,796|||312,796| ||EXPENDITURE ON|||||| ||Raising funds||837||1,675|2,512| ||Charitable
activities|||||| ||Maintenance
of Beverley Minster||314,387||2,149|316,536| ||Total||315,224||3.824|319,048| ||Net gains on investments||~420315||259,823|680,138| ||NET INCOME||417,887||255,999|673,886| ||Transfers
between funds||~51,I90)||51 190|| ||Net movement
in funds||366,697||307,189|673,886| ||RECONCILIATION
OF FUNDS|||||| ||Total funds brought
forward||3,074,696||2,341,820|5,416,516| ||TOTAL FUNDS CARRIED FORWARD||3,441,393||2,549,009|6,090,402| |10.|TANGIBLE FIXEDASSETS|||||| |||||Freehold|Plant and|| ||COST|||property
f|machinery
F|Totals
f| ||At 1stJanuary 2020 and|||||| ||31st December 2020|||97,779|5,811|1~03590| ||DEPRECIATION|||||| ||At 1stJanuary 2020
Charge for year|||2,912
1,456|4,244
693|7,156
2,149| ||At 31stDecember 2020|||4,368|~4937|9,305| ||NET BOOK VALUE|||||| ||At 31stDecember 2020|||93,411|874|94,285| ||At 31stDecember 2019|||94,867|1,567|96,434| ## ## |s to the Financial Statements

year ended 31stDecember 2020
FIXEDASSET INVESTMENTS|-continued||| |---|---|---|---| |||Cash and|| ||Listed|settlements|| ||investments|pending|Totals| ||E||E| |MARKET VALUE
At 1stJanuary 2020
Additions
Disposals
Impairments|5,653,404
120,693
(438,797)
~245,113)|184,872
114,261|5,838,276
234,954
(438,797)
~245,113)| |At 31stDecember 2020|~5090187|299,133|~5389320| |NET BOOK VALUE
At 31stDecember 2020|~54090 187|299,133|~5,389320| |At 31stDecember 2019|~5,653404|164,872|5,838,276| ||Included
in above are E703,532(2019:f611,665) of investments
that|Included
in above are E703,532(2019:f611,665) of investments
that|are invested
outside|the UK.| |---|---|---|---|---| ||DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||2020
E|2019
f| ||Trade debtors
VAT
Prepayments
and accrued|income|250
8,341
~139124|368
7,516
23,110| ||||147,715|30,994| |13.|CURRENT ASSET INVESTMENTS||2020|2019| ||||E|| ||Deposit account||4
DDD|40,000| |14.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|2020
F|2019
f| ||Trade creditors
Taxation and social security
Other creditors||234,648
1,202
37,398|21,712
2,702
4,469| ||||273,248|26,903| ## ## ## ## ||||||2020|2019| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total|Total| |||fund
F|fund
f|fund
f.|funds
f|funds
f| ||Fixed assets|||94,285|94,285|96,434| ||Investments|3,078,768||2,310,552|5,389,320|5,838,276| ||Current assets
Current
liabilities|268,565
~275SN||140,522|409,087
~14$|184,595
~28903)| |||3,074,085||~2545359|~5819444|6,090,402| |16.|MOVEMENT IN FUNDS|||||| |MOVEMENT|IN FUNDS|||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1.1.20
f|in funds
f|31.12.20
f| |Unrestricted|funds|||| |General
fund||3,441,393|(367,308)|3,074,085| |Endowment|funds|||| |Permanent|Endowment|2,649,009|(103,650)|2,545,359| |TOTAL FUNDS||6,090,402|~470958)|5,619,444| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources
f|expended
f|losses|in funds
f.| |Unrestricted|funds||||| |General fund||680,279|(902,873)|(144,714)|(367,308)| |Endowment|funds||||| |Permanent|Endowment||(3,251)|(100,399)|(103,650)| |TOTAL FUNDS||~680279|~906 124|(245,t t3)|~470958| ## ## ## ## |Comparatlve|s
for moveme|nt
in fun|ds||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.1.19
f|in funds
f|funds
F|31.12.19| |Unrestricted|funds||||||| |General fund|||3,074,696||417,887|(51,190)|3,441,393| |Endowment|funds||||||| |Permanent|Endowment||2,341,820||255,999|51,190|2,649,009| |TOTAL FUNDS|||~5416516||~673886||6,090,402| |Comparative|net movement|in funds,|included|in the above|are as follows:||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended
f|losses
f|in funds
f| |Unrestricted|funds||||||| |General fund||||312,796|(315,224)|420,315|417,887| |Endowment|funds||||||| |Permanent|Endowment||||(3,824)|259,823|255,999| |TOTAL FUNDS||||312,796|~319048)|~680 138|~673886| ## ##